California Hospitals Losing More Than $3 Billion A Month During First Wave Of COVID

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California hospitals are losing at least $3.2 billion a month in the first wave of the coronavirus. A new report from the California Health Care Foundation highlights dramatic cuts made by hospitals in order to secure virus related equipment and the cutting of non-essential operations to prepare for a surge of COVID-19 patients. June is predicted to lose the same amount as March, April and May even as some shelter in place orders are lifted. So far, the total losses are around $10 billion according to the California Hospital Association.